Volchik V.V.

TERRA ECONOMICUS, 2012, Vol. 10 (no. 4.1),

p. 62-69

The article deals with various approaches and research tools apt to institutional change analysis. Institutional change is analyzed from evolutionary approach which permits us to treat economic orders as adaptively complex systems. Special attention is paid to the role of collective action and mechanisms of law systems during institutional formation and change.

Keywords: institutional change; natural state; open access order; collective action; interpretative institutional economics

Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606